Tools insurance cover...?

[sythai]

Hi All

Our yearly renewal of liability/ indemnity insurance ( Trade direct ) has come up.
This does include £1000 of tools cover.

£1000 isn't going to get very far if the worst does happen.

Thinking of shopping around and pricing this up as a separate policy.

£5000 min would be a better amount.

Does anyone else have separate tool cover if so how much do you pay and with which company?

Cheers Sy

 

[Octopus]

Best you read the small print of any policies, as a lot of them won't cover them in your van!

 

[sythai]

Best you read the small print of any policies, as a lot of them won't cover them in your van!

Ahh... and thats where they are kept, will have to look into that - Thanks chap

 

[telectrix]

yep, small print on most policies says not covered in van 9pm to 6am unless van is in locked premises. my PL is with octopus and includes £2500 tools any time day/night.

 

[Octopus]

yep, small print on most policies says not covered in van 9pm to 6am unless van is in locked premises. my PL is with octopus and includes £2500 tools any time day/night.

How much does that Policy set you back?

 

[telectrix]

can't remember exact premium, but i pay around £9/month. don't have PI any more as it's not worth it for the amount of EICRs i do these days.

 

[HandySparks]

With my insurance, I can add £5k tools insurance (including in van) for about £100 a year.

 

[sythai]

With my insurance, I can add £5k tools insurance (including in van) for about £100 a year.

Which insurance company is that please?

 

[HandySparks]

Which insurance company is that please?

It's Arthur J Gallagher, who are Stroma's recommended broker. They found me an insurer who would allow the addition of secondary trades to the policy. Price is good too.

Edit, phone:
01384 82221462639

 

[RWJ]

Best you read the small print of any policies, as a lot of them won't cover them in your van!

As Murdoch says... read the small print. I had a policy (was most popular online one at the time) small print got them out of everything.
In the office / stores - should be covered by contents insurance, same at home. Didn't cover sites, offices people houses or left in the van!!

Ok it was only £64 but £64 for nothing, also the excess was high.

 

[HandySparks]

It's Arthur J Gallagher, who are Stroma's recommended broker. They found me an insurer who would allow the addition of secondary trades to the policy. Price is good too.

Edit, phone:
01384 82221462639

That phone number was copied and pasted from one of their letters, but is clearly too long. Here's another one that might work:
01384 862 639